West Texas Multifamily

Property Name: West Texas Multifamily
Location: Houston, TX
Property Type: Apartment/Multi-Family
Transaction Type: Permanent Financing
Loan Amount: $6,500,000
Details: “Our repeat client was looking to utilize their captured equity to upgrade the property’s exterior and interiors. We provided a 12-year fixed rate non-recourse loan that featured 5-years of interest only with a 30-year amortization. This new loan will allow the borrower to better address its future fixed and variable expenses and increase value by enhancing the assets net effective rents and ultimately net income. This process was enabled by choosing a reputable and knowledgeable lender who was familiar with the strength of the market and was able to recognize the sponsor's plan of enhancing cash flow.”
More Info: Larry Peters at 713-871-5812 or contact me